Al-Awael Microfinance Company
The Alawael Microfinance Company is the legal diversity of the development of Small Projects & Handicrafts (MICRO START) which is one of the activities of the United Nations Development Programme in Yemen. Al-Awael was established in the Year of 2000 in coordination with the Ministry of Labour & Welfare and funded by the UNDP and SFD. In 2004 it formed and registered itself as a company. The company targets male and female small business owners. The products offered by Al-Awael are individual loans for males and females, group loans for females and loans for starting up a small business as well as consumption loans.